Overstock.

com CEO Comments on Deep State, Withholds Further Comment

August 12, 2019

SALT LAKE CITY, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) CEO Patrick M. Byrne has released the following
statement:

“Sara Carter has published two articles relating the following claims of mine:

1. Starting in 2015 I (operating under the belief that I was helping legitimate law enforcement efforts) assisted in what are
now known as the ‘Clinton Investigation’ and the ‘Russian Investigation’ (in fact, I am the notorious ‘missing Chapter 1’ of
the Russian investigation). It was the third time in my life I helped the Men in Black: the first was when my friend Brian
Williamswas murdered, and the second was when I helped the M.I.B. shake up Wall Street a decade ago. Unfortunately,
this third time turned out to be less about law enforcement and more about political espionage conducted against Hillary
Clinton and Donald Trump (and to a lesser degree, Marco Rubio and Ted Cruz).

2. In July 2018 I put the pieces together. I immediately (last July) came forward to a Congressman and a senior military
officer, to the Department of Justice this April, and (upon my Omaha Rabbi reminding me of my duty as a citizen late this
June) to a small set of journalists this summer. Ms. Carter was among them. Her two stories are accurate.

Having confirmed Ms. Carter’s two articles, I have fulfilled those citizenship obligations of which my Rabbi reminded me. I will speak no more on the
subject. Instead, having lived in places lacking Rule of Law and having witnessed the consequences of its absence, I plan on sitting back and watching
the United States Department of Justicere-establish Rule of Law in our country.”

About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series
B Preferred (OTCQX:OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a
broad range of new products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is
visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers.
Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly-owned subsidiary
developing and accelerating blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly
posts information about the company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.
O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space
Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property
of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional
information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in
the Company's Form 10-Q for the quarter ended June 30, 2019, which was filed with the SEC on August 8, 2019, and any subsequent filings with
the SEC.

SOURCE: Overstock.com, Inc.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc.